Fidelity Select Semiconductors Fund Market Value
| FSELX Fund | USD 30.25 1.10 3.77% |
| Symbol | Fidelity |
Fidelity Select 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Fidelity Select's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Fidelity Select.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Fidelity Select on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Fidelity Select Semiconductors or generate 0.0% return on investment in Fidelity Select over 90 days. Fidelity Select is related to or competes with Technology Portfolio, Software And, Computers Portfolio, Health Care, and Biotechnology Portfolio. The fund invests primarily in common stocks More
Fidelity Select Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Fidelity Select's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Fidelity Select Semiconductors upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 14.94 | |||
| Value At Risk | (4.85) | |||
| Potential Upside | 3.22 |
Fidelity Select Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Select's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Select's standard deviation. In reality, there are many statistical measures that can use Fidelity Select historical prices to predict the future Fidelity Select's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | 0.1299 | |||
| Treynor Ratio | (0.18) |
Fidelity Select Semi Backtested Returns
Fidelity Select Semi secures Sharpe Ratio (or Efficiency) of -0.0946, which denotes the fund had a -0.0946 % return per unit of risk over the last 3 months. Fidelity Select Semiconductors exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fidelity Select's Variance of 7.65, standard deviation of 2.77, and Mean Deviation of 2.08 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 1.21, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Fidelity Select will likely underperform.
Auto-correlation | 0.19 |
Very weak predictability
Fidelity Select Semiconductors has very weak predictability. Overlapping area represents the amount of predictability between Fidelity Select time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Fidelity Select Semi price movement. The serial correlation of 0.19 indicates that over 19.0% of current Fidelity Select price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 3.79 |
Fidelity Select Semi lagged returns against current returns
Autocorrelation, which is Fidelity Select mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Fidelity Select's mutual fund expected returns. We can calculate the autocorrelation of Fidelity Select returns to help us make a trade decision. For example, suppose you find that Fidelity Select has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Fidelity Select regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Fidelity Select mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Select mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fidelity Select mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Select Lagged Returns
When evaluating Fidelity Select's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Select mutual fund have on its future price. Fidelity Select autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Fidelity Select autocorrelation shows the relationship between Fidelity Select mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Select Semiconductors.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Fidelity Mutual Fund
Fidelity Select financial ratios help investors to determine whether Fidelity Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Fidelity with respect to the benefits of owning Fidelity Select security.
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